Boating tourism contributes £3.7bn
TOURISM: Boating tourism contributed around £3.7bn to the UK economy in 2012/13, according to a new report published by the British Marine Federation (BMF).
This figure accounts for 3.2% of all tourism expenditure in the UK and supports around 96,000 full-time equivalent (FTE) jobs through direct and indirect effects and is thought to be larger than the total tourism impact of the 2012 Olympic and Paralympic Games.
“Boating tourism is a very diverse segment of the UK tourism market and makes a valuable contribution to the wider economy,” said Nigel Hamilton, chairman, BMF.
“Despite the industry experiencing some challenging times in recent years as a result of the global financial crisis and subsequent recessions, prospects for future growth now look good as we expect participation rates in water-based activities to rise,” he added.
UK boating tourism sectors – marinas/mooring, passenger boats, charter/boat hire and sea schools/training – generated a total turnover of £609m in 2012/13, across more than 2,000 businesses. This returned Gross Value Added (GVA) of £434m and supporting 14,900 FTE jobs.
In addition, wider tourism expenditures support a further 81,000 FTE jobs and £3.3bn of GVA in the UK economy.